Emerson Electric acquiring GE’s intelligent platforms division

Emerson Electric will acquire General Electric’s intelligent platforms division, Ferguson-based Emerson announced Tuesday, one day after GE replaced its CEO.

Emerson said the acquisition strengthens its offerings in sectors including metals and mining, food and beverage, and life sciences. Both Emerson and its new purchase have put a particular focus on developing cloud-connected technology to automate processes in plants, according to a release.

“Adding GE’s Intelligent Platforms business makes Emerson an even stronger player in the automation space and expands our capabilities to serve the needs across process, hybrid and discrete markets,” Emerson Chairman and CEO David Farr said in the release.

Based in Charlottesville, Virginia, the intelligent platforms division has 650 employees and recorded 2017 sales of $210 million, according to the release.

Terms of the deal were not disclosed. It’s expected to close in the first half of fiscal 2019.

New director named

Also Tuesday, Emerson announced it was adding Lori Lee, CEO for AT&T Latin America and global marketing officer for AT&T Inc., to its board of directors.

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